The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. L3Harris Technologies Inc shares valued at $559,000 were sold by NIEBERGALL ROSS on Nov 08 ’24. At $260.00 per share, NIEBERGALL ROSS sold 2,150 shares. The insider’s holdings dropped to 10,340 shares worth approximately $2.54 million following the completion of this transaction.
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Also, NIEBERGALL ROSS sold 1,100 shares, netting a total of over 286,000 in proceeds. Following the sale of shares at $260.00 each, the insider now holds 10,340 shares.
Before that, NIEBERGALL ROSS had added 2,150 shares to its account. In a trade valued at $559,000, the Officer bought L3Harris Technologies Inc shares for $260.00 each.
As published in a research note from Argus on November 26, 2024, L3Harris Technologies Inc [LHX] has been rated up from a Hold to a Buy and the price target has been revised to $300. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 10, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for LHX. Earlier on August 14, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for LHX stock which previously was a “an Outperform”.
Analyzing LHX Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, L3Harris Technologies Inc shares have jumped approximately 16.48%. Shares of the company reached a 52-week high of $265.74 on 11/11/24 and a 52-week low of $200.18 on 04/16/24. A 50-day SMA is recorded $245.67, while a 200-day SMA reached $226.97. Nevertheless, trading volume fell to 0.55 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for L3Harris Technologies Inc (LHX)
According to the 24-hour chart, there is a support level at 244.34, which, if violated, would cause prices to drop to 243.35. In the upper region, resistance lies at 246.90. The next price resistance is at 248.47. RSI (Relative Strength Index) is 46.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.29, which suggests the price will decrease in the coming days. Percent R is at 77.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
